The morning news. [volume] (Savannah, Ga.) 1887-1900, 1887-08-21
GENERAL RAILWAY NEWS.
Matters of Money and Management
About Various Lines.

| Inc hOD1le ana ONO is cutting cOCUOn
rates from the South to the East
| The Memphis and Charleston stockholders
committee represent three-fourths of all the
stock out of the collateral trust of the East
Tennessee, Virginia and Georgia, and they
| hope to secure from the board better I'M
| derstanding and some recognition Of their
| rights.
A Chattanooga special of Aug. II, says
Dirt was thrown in this city at 10 O'Clock
this morning, on the Chattanooga, Rome
| and Columbus railroad. Mayor Sharp
handled the shovel A crowd of 1000 peo-
pie witnessed the important event. Speeches
were made by President Williamson, Mayor
Sharp, w. g. McAdoo and others. Twenty
miles of the road are now under contract"
"All sorts of rumors are afloat since the
recent visit of Mr.. Simons, from Frankfort
| touching improvements on the Brunswick
| and Western" says the Brunswick AdUer
tiser. THE latest is that twenty-five car
goes of steel rails have been purchased for
| the road, and that the first cargo will sail
| for this port on Sept. /. Mr.. Smons hav-
| ing been over the road in person has seen
for himself its possibilities and learned its
needs"
| Mr.. J. d. Williamson. President of the
| Chattanooga, Rome and Columbus railroad,
| says the new road will be completed within
eleven months, the cars running between
the two cities by July J., 1888. II will be
built by the Rome and Carrollton ConstrlIc-
| ton Company, a corporation organized I'M
| der the laws of Connecticut, with a cash
capital of 81 100000 Mr.. Williamson has
resigned the Presidency to take the man
| agement of the construction company. This
is the old North and South road, revived,
TO which La3range once gave a liberal
subscription
Rernaa's Wall Street SUMMARY. 1--WE
have been requested to publish the follow
| ing To the stockholders of the Memphis
and Charleston Railroad Company It is
| to the interest of the holders of Memphis
and Charleston stock to communicate,
without delay, with either of the under
signed, who were appointed committee to
| represent them at a recent meeting of the
stockholders. William Henry Woods, "a
Broadway; John II. Chidester l45 Broad
way; Simon Rothschild, 46 Howard street
Charles Bebbidge, Mills building John w
| Weed, IS Pine street,
brownsville Times; 1.-The engineer corps.
| which has been doing some necessary work
ON the Plant system in Florida, is expected
back next week, when the work of the per-
manent location of the Townsville and
Monticello railroad will be resumed and
pushed to completion. The work from
| Townsville to the State line, estimates for
which have been footed up. show about 49,
| wv yaTClS OF edrUl 10 Tile lnlle Inc Instance
| is about IL miles, making the amount of
earth work on the Georgia portion of the
lines 276,0)0 yards. Some of the heaviest
work between here and Tallahassee and
Monticello is on this end of the line, there
being one cut, between Ward and Pine
creeks of % feet"
! IdLdhdsseun: A railroad from Tallahas-
see to Carrabelle at an early day is an as
sured fact Work will begin Just as soon
| ....1 L. I
| The charter specifies that work must begin
on or before Sept next, and continue with
reasonable progress. The following letter,
from one of our Tallahassee merchants,
now in New York, shows that the company
means TO commence work Mt once and that
they mean to complete it as soon as possible:
New YORK, Aug. II, 1877 went down to
Thurbcr's grocery house to-day and Mr.. Tired
well, the Florida salesman, showed me his
books He sold yesterday to man named
Rowland $1,000 worth of groceries, to he shipped
to Carrabelle, Fla They were marked T. G. &
q. r. X. Co. They are to build the Carrabelle
line with. He told me that the company placed
5000 OF their bonds on the market yesterday.
and they were sold at par in New York city. Mr..
Clark sails to-day for Europe IN place the bal
ancc of the bonds. Mr. Tredwe knows all
about the railroad company. He says that he
went to their office today and got check for
yesterdays hill The company have bought all
the mills at Carrabelle and paid for them.
Work will begin In few days with 900 hands
| to start from Catrabelle c. will get q large
portion of the contract if not all. All tell is
positive aud not hearSay Mr.. Treadwell told
me that Rowland asked him to keep matters
quiet to Florida people.
Clarke & Hodges are the contractors for
the construction of the Alabama, Florida
and Atlantic railroad from Indian Springs,
Fla, northwari. This road is what is To-
cally known as "Dr Bronson's road,n and
though the doctor has encountered many
difficulties in placing the enterprise on its
feet, he seems TO have overcome them all
and is now pushing the work right ahead
| There are now 500 men at work near Eustis,
Fla, in the employ of Clarke q Hodges,
whose line of labor is northwestward. In a
few weeks the contractors on the east, ex-
tending for the present to Roclledge, will
begin operations. This line of road
will, when completed. extend,
between terminal points, dis
lance of about 500 miles. and will be able
TO command connections that will give il in
herent strength and stability, and contribute
much to the transportation option of the
| people. Ii is expected that the Alabama
| Florida and Atlantic will cross the South
| Florida at Woodbridge, and swinging down,
| probably, between the Lake Howell and
| Lake Irma settlements, proceed on eastward
TO Rockledge. on the Indian river. IL is ex-
| pected that trains will 10 running between
Ocala and Rockedge by next spring